Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: Malsi who wrote (7392)	7/26/1997 11:46:00 AM
From: Panita	of 61433

If you are looking for an online trading account....... I have two online accounts one with Ceres Securities second with Schawb. Stay away from Ceres and get Eschawb instead. Here are a few examples why: (A) When Cascade Communication(CSCC) came down from 60's to low 40's. I placed an order with Ceres for 189 shares of CSCC at 43. My hope was to buy it at 43 get 2 point worth to 45 and sell. Unfortunatelly the stock jumped to my target price of 45 while my order was placed so I cancelled my buy order. The Ceres confirmation Screen showed order as cancelled, yet two hours later I get an automated call confirming that I had bought CSCC at 43. Of course CSCC continued its decline going as low as the mid 20's. Since I though the mistake would be corrected I did not sell take the losses and run. Later Cascade was bought by ASND. Now I own 132 shares of ASND, and I am still 1,677 under water in that trade. This is better than the 3,420 dollars underwater that it got at one point. I have only held the stock since I believe ASND is OK in the long run. But thanks to Ceres I have had money iddle. Money which I could have used for other trades. If you try calling Ceres by phone good luck; you may have to wait 30 minutes, meanwhile the stock you wanted to buy is up 3 dollars the one you wanted to sell is down 5 dollars. Hint: if you insist in Ceres or other similar services make sure to print any Screen confirmations. Now on Eschawb: You do not have to use the internet you can if you want but you have the option to connect with their servers (actually they use compuserve's I believe). Using the software and their network makes inputing and executing a transation a flash. We all know how long it takes to pull down a web page. In the same time a web page appears in your screen your eschawb order has been executed. How good is eschawb here is an example. I have two eschawb accounts my IRA and another regular. I placed an order mistakenly to buy 600 shares of ASND. What I did not notice is that mistakely I entered the order in the wrong account. Within 45 seconds my phone rang it was eschawb to check on an order that I just placed. They asked: Did you intend for this order in this account?. THEY CALLED in 45 SECONDS!!!! Ceres charges $ 18 eschawb charges $30. Does $12 are nothing when you get an execution at the right price and customer service that works. Stay away from CERES use Eschawb intead!

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